Xcel Products Ltd

Xcel Products Ltd, based in Banbridge, UK, is a small, active company founded ten years ago. With just two employees and £68,199 in assets, it’s a solo-founder operation led by a single director and owner, Parks Andrew. The company holds a stellar 5.0 Google rating based on one review, and operates from a real address shared by four other businesses. It’s classified as a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company's core business involves wholesale of wood, construction materials and sanitary equipment. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just two months of import activity recorded dating back to July 2017. The company's website is not available.

Financially, Xcel Products Ltd shows a mixed picture. Cash bank on hand has dropped significantly by 74%, falling to £3,800. Current assets also declined by 11%, ending at £68,000. However, net assets have increased by 3.8%, reaching £80,000. Trade debtors have risen by nearly 5%, reaching £42,000, while creditors have fallen by a substantial 68%, ending at £7,600. Bank borrowings have increased dramatically by 4400%, reaching £4,800. The company’s small size and solo leadership allow for agility, but the drop in cash reserves suggests a need for careful money management. As a small company, it is exempt from an audit, so the financial data is unaudited.

The increase in bank borrowings and decrease in cash reserves could be due to increased investment in inventory or expansion efforts. It’s possible the company is experiencing growing pains as it seeks to scale its operations, but the decrease in creditors suggests that the company is managing its debts well.

Registered in Northern Ireland under the registration number NI624836, with a registered address at BT32 3ES, Banbridge, 50 Commercial Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.